NPORT-EX 2 PIPDAS0PRU013125.htm
PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited)
Description     Shares Value
Long-Term Investments 100.1%
Common Stocks 99.9%
Aerospace & Defense 1.7%
Howmet Aerospace, Inc.       4,100  $518,978
L3Harris Technologies, Inc.       8,000 1,696,080
Textron, Inc.       8,100 619,731
Woodward, Inc.       900 166,725
          3,001,514
Automobile Components 0.5%
BorgWarner, Inc.       28,600 912,340
Banks 3.1%
Bank OZK(a)       21,800 1,107,222
Citizens Financial Group, Inc.       9,400 447,158
Civista Bancshares, Inc.       12,200 269,132
Columbia Banking System, Inc.       8,100 225,990
East West Bancorp, Inc.       11,500 1,184,155
Fifth Third Bancorp       19,200 850,752
Financial Institutions, Inc.       3,300 87,021
Flushing Financial Corp.       6,000 83,700
M&T Bank Corp.       1,100 221,364
Regions Financial Corp.       16,600 409,024
Third Coast Bancshares, Inc.*       4,900 176,645
Zions Bancorp NA       6,800 393,448
          5,455,611
Beverages 0.7%
Molson Coors Beverage Co. (Class B Stock)       21,100 1,155,225
Biotechnology 3.1%
Alnylam Pharmaceuticals, Inc.*       3,100 841,061
Biogen, Inc.*       5,900 849,187
Catalyst Pharmaceuticals, Inc.*       11,100 250,416
Exelixis, Inc.*       26,600 881,790
Incyte Corp.*       16,600 1,231,056
Kiniksa Pharmaceuticals International PLC*       5,000 98,000
Natera, Inc.*       1,200 212,304
United Therapeutics Corp.*       3,400 1,193,978
          5,557,792
Broadline Retail 0.1%
Dillard’s, Inc. (Class A Stock)       200 93,622
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Building Products 2.3%
Allegion PLC       8,200  $1,088,386
Armstrong World Industries, Inc.       1,200 181,212
Builders FirstSource, Inc.*       5,900 986,952
Carlisle Cos., Inc.       300 116,838
Masco Corp.       8,500 673,880
Owens Corning       5,800 1,070,390
          4,117,658
Capital Markets 6.7%
Bank of New York Mellon Corp. (The)       28,500 2,449,005
Janus Henderson Group PLC       25,200 1,132,236
Northern Trust Corp.       12,600 1,414,854
Raymond James Financial, Inc.       9,400 1,583,712
SEI Investments Co.       12,400 1,073,592
State Street Corp.       17,600 1,788,512
Stifel Financial Corp.       4,600 532,910
T. Rowe Price Group, Inc.       6,800 795,056
Virtu Financial, Inc. (Class A Stock)       22,400 897,344
XP, Inc. (Brazil) (Class A Stock)       17,300 236,145
          11,903,366
Chemicals 2.4%
AdvanSix, Inc.       2,900 90,712
CF Industries Holdings, Inc.       16,000 1,475,360
DuPont de Nemours, Inc.       19,400 1,489,920
Eastman Chemical Co.       1,400 139,510
LyondellBasell Industries NV (Class A Stock)       15,500 1,173,350
          4,368,852
Commercial Services & Supplies 1.0%
Cimpress PLC (Ireland)*       6,100 405,528
Deluxe Corp.       19,700 456,843
Interface, Inc.       20,500 507,580
Steelcase, Inc. (Class A Stock)       34,600 397,208
          1,767,159
Communications Equipment 0.8%
F5, Inc.*       4,900 1,456,574
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Construction & Engineering 0.9%
EMCOR Group, Inc.       2,500  $1,120,150
Everus Construction Group, Inc.*       6,850 471,349
          1,591,499
Consumer Finance 2.0%
Bread Financial Holdings, Inc.       3,100 196,323
PROG Holdings, Inc.       10,200 436,050
SLM Corp.       39,600 1,105,236
Synchrony Financial       26,200 1,807,276
          3,544,885
Consumer Staples Distribution & Retail 1.9%
Albertson’s Cos., Inc. (Class A Stock)       53,800 1,078,690
Dollar General Corp.       8,700 618,222
Kroger Co. (The)(a)       14,000 862,960
US Foods Holding Corp.*       12,300 872,439
          3,432,311
Containers & Packaging 0.2%
Silgan Holdings, Inc.       6,700 368,634
Diversified Consumer Services 0.9%
ADT, Inc.       86,400 663,552
H&R Block, Inc.       18,500 1,023,235
          1,686,787
Electric Utilities 1.7%
Exelon Corp.       41,400 1,656,000
NRG Energy, Inc.       14,300 1,464,892
          3,120,892
Electrical Equipment 0.7%
Acuity Brands, Inc.       3,600 1,196,604
Electronic Equipment, Instruments & Components 2.5%
Arrow Electronics, Inc.*       2,300 268,065
Coherent Corp.*       8,200 742,018
Jabil, Inc.       1,600 259,856
ScanSource, Inc.*       9,000 376,650
TD SYNNEX Corp.       7,000 997,570
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Electronic Equipment, Instruments & Components (cont’d.)
Trimble, Inc.*       16,800  $1,259,328
Zebra Technologies Corp. (Class A Stock)*       1,300 509,522
          4,413,009
Entertainment 1.4%
Electronic Arts, Inc.       11,500 1,413,465
Liberty Media Corp.-Liberty Live (Class C Stock)*       5,300 390,027
Playtika Holding Corp.       98,000 702,660
          2,506,152
Financial Services 1.5%
Enact Holdings, Inc.       2,600 87,828
Euronet Worldwide, Inc.*       1,100 108,350
Fidelity National Information Services, Inc.       18,700 1,523,489
Global Payments, Inc.       500 56,425
MGIC Investment Corp.       37,100 947,534
          2,723,626
Food Products 2.1%
Archer-Daniels-Midland Co.       6,700 343,241
Dole PLC       39,500 537,990
General Mills, Inc.       2,500 150,350
Ingredion, Inc.       8,600 1,173,384
J.M. Smucker Co. (The)       3,900 416,871
Mission Produce, Inc.*       7,300 86,797
Pilgrim’s Pride Corp.*       21,200 986,648
Seaboard Corp.       10 24,383
          3,719,664
Gas Utilities 1.5%
MDU Resources Group, Inc.       27,400 488,268
National Fuel Gas Co.       18,300 1,281,549
UGI Corp.       28,400 872,732
          2,642,549
Health Care Equipment & Supplies 0.5%
ResMed, Inc.       700 165,326
Solventum Corp.*       9,200 681,352
          846,678
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Health Care Providers & Services 3.2%
Cardinal Health, Inc.       10,200  $1,261,332
Centene Corp.*       24,300 1,555,929
Quest Diagnostics, Inc.       3,400 554,540
Tenet Healthcare Corp.*       8,500 1,197,565
Universal Health Services, Inc. (Class B Stock)       6,000 1,131,360
          5,700,726
Health Care REITs 0.0%
Omega Healthcare Investors, Inc.       1,100 40,766
Hotel & Resort REITs 0.6%
Host Hotels & Resorts, Inc.       39,500 660,045
Park Hotels & Resorts, Inc.       33,500 451,915
          1,111,960
Hotels, Restaurants & Leisure 1.8%
Accel Entertainment, Inc.*       7,100 80,017
El Pollo Loco Holdings, Inc.*       38,900 461,743
Marriott Vacations Worldwide Corp.       4,900 425,173
Royal Caribbean Cruises Ltd.       4,600 1,226,360
Travel + Leisure Co.       20,100 1,092,636
          3,285,929
Household Durables 0.9%
PulteGroup, Inc.       6,347 722,161
Toll Brothers, Inc.       6,533 887,247
          1,609,408
Independent Power & Renewable Electricity Producers 0.3%
Clearway Energy, Inc. (Class C Stock)       20,300 526,379
Insurance 7.6%
Aflac, Inc.       2,300 246,974
Allstate Corp. (The)       5,700 1,096,281
Arch Capital Group Ltd.       11,200 1,042,384
Arthur J. Gallagher & Co.       900 271,638
Assurant, Inc.       2,500 537,975
Assured Guaranty Ltd.       3,600 340,560
Axis Capital Holdings Ltd.       12,400 1,128,648
Cincinnati Financial Corp.       9,100 1,247,155
CNA Financial Corp.       19,200 941,952
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Insurance (cont’d.)
CNO Financial Group, Inc.       12,000  $479,280
Fidelis Insurance Holdings Ltd. (United Kingdom)       27,100 447,150
Genworth Financial, Inc. (Class A Stock)*       15,100 109,173
Globe Life, Inc.       10,600 1,294,154
Hartford Financial Services Group, Inc. (The)       14,500 1,617,475
Heritage Insurance Holdings, Inc.*       7,500 82,575
Loews Corp.       10,700 914,315
Mercury General Corp.       1,500 74,760
Reinsurance Group of America, Inc.       300 68,358
RenaissanceRe Holdings Ltd. (Bermuda)       900 209,322
Universal Insurance Holdings, Inc.       5,900 114,106
Unum Group       17,800 1,357,250
          13,621,485
IT Services 3.9%
Akamai Technologies, Inc.*       12,400 1,238,760
Cognizant Technology Solutions Corp. (Class A Stock)       21,900 1,809,159
DXC Technology Co.*       32,600 708,072
EPAM Systems, Inc.*       700 177,772
GoDaddy, Inc. (Class A Stock)*       3,000 637,950
Twilio, Inc. (Class A Stock)*       10,800 1,583,064
VeriSign, Inc.*       3,900 838,500
          6,993,277
Leisure Products 0.1%
Mattel, Inc.*       12,100 225,544
Life Sciences Tools & Services 3.7%
Agilent Technologies, Inc.       3,000 454,560
Avantor, Inc.*       49,700 1,107,316
Bio-Techne Corp.       14,900 1,095,895
IQVIA Holdings, Inc.*       6,400 1,288,704
Mettler-Toledo International, Inc.*       500 682,220
QIAGEN NV*       1,555 69,415
Revvity, Inc.       6,000 756,780
Waters Corp.*       2,900 1,204,892
          6,659,782
Machinery 4.2%
Allison Transmission Holdings, Inc.       11,200 1,316,448
Cummins, Inc.       5,100 1,816,875
Dover Corp.       7,300 1,486,864
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Machinery (cont’d.)
Pentair PLC       12,300  $1,275,264
REV Group, Inc.       12,500 433,750
Snap-on, Inc.       1,500 532,725
Westinghouse Air Brake Technologies Corp.       3,300 686,136
          7,548,062
Marine Transportation 0.3%
Costamare, Inc. (Monaco)       37,600 438,416
Media 2.8%
Charter Communications, Inc. (Class A Stock)*(a)       4,600 1,589,254
Fox Corp. (Class A Stock)       14,500 742,110
Fox Corp. (Class B Stock)       14,100 685,260
News Corp. (Class A Stock)       41,100 1,155,732
Nexstar Media Group, Inc.       5,900 903,998
          5,076,354
Metals & Mining 1.0%
Steel Dynamics, Inc.       11,000 1,410,200
SunCoke Energy, Inc.       34,800 326,772
          1,736,972
Mortgage Real Estate Investment Trusts (REITs) 1.0%
Advanced Flower Capital, Inc.       10,700 87,098
AG Mortgage Investment Trust, Inc.       13,200 90,684
PennyMac Mortgage Investment Trust       12,800 174,080
Rithm Capital Corp.       93,600 1,077,336
TPG RE Finance Trust, Inc.       34,000 285,940
          1,715,138
Multi-Utilities 1.9%
Ameren Corp.       2,800 263,760
CMS Energy Corp.       13,200 871,200
Consolidated Edison, Inc.       13,233 1,240,462
DTE Energy Co.       6,200 743,256
Northwestern Energy Group, Inc.       4,100 221,031
          3,339,709
Office REITs 0.2%
Highwoods Properties, Inc.       13,400 399,186
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Oil, Gas & Consumable Fuels 3.6%
Cheniere Energy, Inc.       4,900  $1,095,885
Civitas Resources, Inc.       6,800 345,168
Coterra Energy, Inc.       51,300 1,422,036
Devon Energy Corp.       23,700 808,170
Kinder Morgan, Inc.       9,600 263,808
ONEOK, Inc.       2,300 223,491
Ovintiv, Inc.       16,600 700,852
Permian Resources Corp.       42,000 615,300
Teekay Corp. Ltd. (Bermuda)       72,900 520,506
Williams Cos., Inc. (The)       7,300 404,639
          6,399,855
Passenger Airlines 3.1%
Alaska Air Group, Inc.*       9,000 659,250
Delta Air Lines, Inc.       28,800 1,937,376
SkyWest, Inc.*       4,200 507,864
Sun Country Airlines Holdings, Inc.*       32,700 554,592
United Airlines Holdings, Inc.*       18,500 1,958,040
          5,617,122
Pharmaceuticals 1.9%
Amneal Pharmaceuticals, Inc.*       15,200 125,552
Harmony Biosciences Holdings, Inc.*       2,300 89,171
Jazz Pharmaceuticals PLC*       9,100 1,131,767
Royalty Pharma PLC (Class A Stock)       43,200 1,364,256
Viatris, Inc.       52,389 590,948
          3,301,694
Professional Services 1.0%
Booz Allen Hamilton Holding Corp.       500 64,500
Conduent, Inc.*       43,100 170,676
Genpact Ltd.       18,500 900,765
IBEX Holdings Ltd.*       3,000 66,030
Leidos Holdings, Inc.       4,700 667,541
          1,869,512
Real Estate Management & Development 2.1%
CBRE Group, Inc. (Class A Stock)*       11,700 1,693,458
Jones Lang LaSalle, Inc.*       4,000 1,131,200
RE/MAX Holdings, Inc. (Class A Stock)*       7,400 73,852
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Real Estate Management & Development (cont’d.)
Zillow Group, Inc. (Class A Stock)*       9,000  $712,800
Zillow Group, Inc. (Class C Stock)*       1,400 115,108
          3,726,418
Retail REITs 1.1%
Brixmor Property Group, Inc.       7,100 185,026
Kimco Realty Corp.       5,500 123,475
Realty Income Corp.       713 38,958
Simon Property Group, Inc.       9,700 1,686,442
          2,033,901
Semiconductors & Semiconductor Equipment 1.4%
Cirrus Logic, Inc.*       8,700 873,828
MKS Instruments, Inc.       6,200 702,336
ON Semiconductor Corp.*       9,400 491,996
Skyworks Solutions, Inc.       5,800 514,808
          2,582,968
Software 3.5%
ACI Worldwide, Inc.*       500 26,775
Consensus Cloud Solutions, Inc.*       12,800 362,496
DocuSign, Inc.*       6,400 619,072
Dropbox, Inc. (Class A Stock)*       38,300 1,231,345
Gen Digital, Inc.       49,500 1,332,045
Olo, Inc. (Class A Stock)*       33,400 246,492
OneSpan, Inc.       24,100 463,684
Teradata Corp.*       3,600 114,876
Tyler Technologies, Inc.*       500 300,820
Zoom Communications, Inc. (Class A Stock)*       18,700 1,625,778
          6,323,383
Specialized REITs 1.6%
Crown Castle, Inc.       9,200 821,376
Digital Realty Trust, Inc.       1,400 229,404
Gaming & Leisure Properties, Inc.       8,400 406,476
National Storage Affiliates Trust       13,700 508,955
SBA Communications Corp.       1,100 217,316
VICI Properties, Inc.       25,300 753,181
          2,936,708
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
Common Stocks (Continued)
Specialty Retail 3.7%
AutoNation, Inc.*       1,300  $245,115
Bath & Body Works, Inc.       28,500 1,071,885
Best Buy Co., Inc.       6,600 566,676
Dick’s Sporting Goods, Inc.       1,800 432,090
Gap, Inc. (The)       49,400 1,189,058
Penske Automotive Group, Inc.       4,400 728,772
Ross Stores, Inc.       7,400 1,114,144
Sally Beauty Holdings, Inc.*       34,200 371,754
Ulta Beauty, Inc.*       1,500 618,225
Williams-Sonoma, Inc.       1,200 253,644
          6,591,363
Technology Hardware, Storage & Peripherals 1.5%
HP, Inc.       42,300 1,374,750
Immersion Corp.       21,400 179,118
NetApp, Inc.       9,900 1,208,790
          2,762,658
Textiles, Apparel & Luxury Goods 0.9%
Crocs, Inc.*       4,000 408,280
G-III Apparel Group Ltd.*       12,200 380,884
Ralph Lauren Corp.       3,500 873,950
          1,663,114
Trading Companies & Distributors 0.8%
United Rentals, Inc.       1,900 1,440,314
     
 
Total Common Stocks
(cost $153,119,142)
178,861,106
Unaffiliated Exchange-Traded Fund 0.2%
iShares Russell Mid-Cap Value ETF
(cost $268,737)
      2,000 267,400
     
 
 
Total Long-Term Investments
(cost $153,387,879)
179,128,506
 
Short-Term Investments 1.9%
Affiliated Mutual Funds 
PGIM Core Government Money Market Fund (7-day effective yield 4.511%)(wb)     111,539 111,539
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PGIM Quant Solutions Mid-Cap Value Fund
Schedule of Investments as of January 31, 2025 (unaudited) (continued)
Description     Shares Value
 
Affiliated Mutual Funds (Continued)
PGIM Institutional Money Market Fund (7-day effective yield 4.593%)
(cost $3,388,240; includes $3,375,998 of cash collateral for securities on loan)(b)(wb)
    3,390,278  $3,388,243
     
 
 
Total Short-Term Investments
(cost $3,499,779)
3,499,782
 
TOTAL INVESTMENTS102.0%
(cost $156,887,658)
        182,628,288
Liabilities in excess of other assets (2.0)% (3,657,355)
 
Net Assets 100.0% $178,970,933

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
    
ETF—Exchange-Traded Fund
REITs—Real Estate Investment Trust
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $3,350,608; cash collateral of $3,375,998 (included in liabilities) was received with which the Fund purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Fund may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(wb) Represents an investment in a Fund affiliated with the Manager. 
Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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